James Kynge

That's because Chinese companies like Huawei, Cambricon, MoreThreads, we've mentioned all of those in previous episodes, are now producing chips that, if combined into superclusters, can compete with NVIDIA superclusters on performance.

So...

To get down to brass tacks, my prediction is that NVIDIA's market share for AI processors in China will crater this year.

They will fall very, very sharply.

I'm not exactly sure how big a fall we're talking about, but in 2024, they had 66% of the market.

This year, I reckon they could fall to below 20% of the market.

So it's a very, very big call.

I'm aware of that.

But I think this is a massive, massive shift.

Blackwells.

I think you're dead right about Jensen Huang.

He will be asking the White House to sell Blackwells into China because Blackwells are so much more powerful than the H200s.

Chinese buyers would definitely want to get hold of Blackwells.

Whether the White House will exceed is another matter.

We'll just have to see.

I'm not ready to call that one.

It's easy to be captured and caught up with this idea of this unbelievable, overwhelming lightning strike that the American military launched on Madero to take him out of Venezuela and be swept away by a sense of US dominance.

But underneath the hood, as it were,

China's tentacles are so deeply embedded into the economies of Latin America, South America, and it's just not going to be that easy for America to take its hemisphere back.

And I'm James King.